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Morgan Stanley upgrades Draftkings stock

January 27, 2022 8


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Morgan Stanley upgrades Draftkings stock

Morgan Stanley upgrades Draftkings stock

On Wednesday Morgan Stanley upgraded Draftkings stock rating and stated that after its earlier stock decline, now is a good time for long-term investment, in a potential $21 Billion dollar market.  The new report by Morgan Stanley follows the first official numbers released Friday by the New York State Gaming Commission for the new online market. Where the state had $603 million in handles and $48.2 million in gross gaming revenue. Morgan Stanley predicts legal US sports betting and iGaming will increase to $20.6 billion in 2025. From less than $1.5 billion in 2019.

Morgan Stanley upgrades DraftKings stock; rates US sports betting, iGaming market as very large and concentrated

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